Short Interest in Tencent Holding Ltd. (OTCMKTS:TCEHY) Rises By 70.9%

Tencent Holding Ltd. (OTCMKTS:TCEHY) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 13,109,700 shares, a growth of 70.9% from the August 15th total of 7,671,000 shares. Based on an average trading volume of 3,038,100 shares, the short-interest ratio is currently 4.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 3,038,100 shares, the short-interest ratio is currently 4.3 days.

Tencent Trading Up 1.1%

OTCMKTS TCEHY opened at $83.84 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.27. Tencent has a 52 week low of $46.76 and a 52 week high of $83.93. The stock has a market capitalization of $769.05 billion, a PE ratio of 27.13 and a beta of 0.11. The firm has a 50 day moving average of $73.32 and a two-hundred day moving average of $67.06.

Tencent Company Profile

Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.